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AMR Plans to Cut 13,000 Jobs; Trim $2B in Costs



01 February 2012 @ 04:05 pm EDT

AMR Corp's American Airlines said it will eliminate 13 thousand workers in a plan to save up to $2 billion in operating costs as the carrier restructures for bankruptcy, and lift up revenue by $1 billion a year by increasing departures at its hub airport by 20 percent over the next five years.

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